12 days on rocket

1162 E Martin Luther King Jr Blvd, Los Angeles, CA, 90011

$850,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1162 E Martin Luther King Jr Blvd, Los Angeles$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingConcrete
Year Built1947
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #CV24102770
Lot Size0.14 Acres
StatusActive

About 1162 E Martin Luther King Jr Blvd

Welcome to 1162 & 1162 1/2 E. Martin Luther King Jr. Blvd, a unique two-unit property offering abundant potential and opportunities. This promising LAR2 zoning investment property is nestled in the vibrant city of Los Angeles, conveniently located near schools, parks, churches, and downtown Los Angeles. Its prime location enhances its appeal, making it an ideal investment opportunity. The front unit comprises four bedrooms and two baths, while the back unit features three bedrooms and one bath. The spacious front unit accommodates multiple families or a large household comfortably. Additionally, solar panels are included and fully paid for, enhancing the property's sustainability and reducing utility costs.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 1

Listing Office:

  • Office Name: LA GOLD REALTY, INC.
  • Office Phone: (626) 333-9777
  • Listing Agent: Mercedes Gomez

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Thomas Jefferson Senior High School, Public District Grades 9-12
  • Early College Academy-La Trade Tech College, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Studio, Public District Grades 6-8
  • Wadsworth Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: via I-110 S and W Martin Luther King Jr Blvd ; via I-10 exit 10 Hooper south right on martin Luther king

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000

Tax Information:

  • Annual Amount: $15,652
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$995.9K

Med. Price/SqFt

$635

Avg. Days On Market

33

# of Sold Homes

1589

1162 E Martin Luther King Jr Blvd vs Los Angeles

12 DAYS ON ROCKET

-21 Days

$850,000

-$145.9K Less

KEY TAKEAWAY

This property is $145.9K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24102770

Listing Office:

  • Office Name: LA GOLD REALTY, INC.
  • Office Phone: (626) 333-9777
  • Listing Agent: Mercedes Gomez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 12:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 31, 2006Home Sold
$555,000
Mar 30, 2006Home Sold
$555,000
Apr 04, 2005Home Sold
$400,000
Sep 29, 1995Home Sold
$169,000
Jan 20, 1995Home Sold
$94,000
Jan 17, 1995Home Sold
$94,000

Tax History

YEARPROP. TAXASSESSMENT
2021$15,652$605,396
2020$7,628$599,190
2019$6,252$618,000
2018$5,756$500,000
2017$5,756$460,000

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-8017171
3
/10

  • Wadsworth Avenue Elementary School

  • 981 E 41st St

  • 0.19 miles

  • Public District Grades KG-5

school-card-donut-8017172
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 7.24 miles

  • Public Magnet Grades KG-6

school-card-donut-8017173
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 20.61 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-8017174
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.54 miles

  • Public District Grades 6-8

High School

school-card-donut-8017175
3
/10

  • Thomas Jefferson Senior High School

  • 1319 E 41st St

  • 0.24 miles

  • Public District Grades 9-12

school-card-donut-8017176
7
/10

  • Early College Academy-La Trade Tech College

  • 400 W Washington Blvd

  • 1.72 miles

  • Public District Grades 9-12

school-card-donut-8017177
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 3.07 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,350. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90011›1162 E Martin Luther King Jr Blvd

This home is located at 1162 E Martin Luther King Jr Blvd in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This home, which was built in 1947, sits on a 0.14 acre lot. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $850,000.

In May 2024 more than 766 listings in Los Angeles, CA were sold above the asking price. During the same period more than 198 listings were sold at asking price, while more than 625 were sold below. Between April 2024 and May 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 15.4%. While the average time on the market in May 2024 was 33 days, the median list price was $995,939.

From Rocket Homes Real Estate and based on county public records data.

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